Word: ownerships
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Dates: during 1930-1939
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Manifesto on which the La Follette Progressive Party proposed to unite was summarized in five points which called for: 1) public "ownership and control of money and credit"; 2) restoring "to every American the absolute right to earn his living by the sweat of his brow"; 3) granting "the Executive branch power to get things done . . . with ample guarantees against . . . abuse of such power"; 4) security for "those who work on the farm and in the city . . . measured by ... contribution"; 5) no more "coddling or spoon-feeding . . . restore to every American the opportunity to help himself. After that...
Basement of this railroad empire is Chesapeake & Ohio, which made $34,500,000 in 1937. From the penthouse Robert Young has held control of this prize possession through ownership of 46% of the common stock of Alleghany Corp., top holding company of all. In between Alleghany and C. & O. is another holding company, Chesapeake Corp., which owns 35% of C. & O. common stock. Guaranty Trust Co. has its hands on the elevator connecting all three because it has possession of Alleghany's 71% interest in Chesapeake Corp. as collateral on three bond issues now in technical default...
...York Curb Exchange suspended trading in Burco shares. The Curb said it was curious to learn what made Delta so valuable. New York Attorney General John James Bennett Jr. said he was curious to learn what connection there was between the Delta deal and the recent sale of Burco ownership to a group of Canadians. Quiet investigations by Mr. Bennett last week involved questioning men from the big brokerage house of Paine. Webber & Co. and big Guaranty Trust Co. Wall Street broke out with a rash of rumors about other investment trusts...
...Station Wagon which has been employed in social work during the last year is being put up for sale. The reason for the action, Dennett stated, was that legal difficulties arose in registering the car, the University Corporation and P. B. H. both sharing its ownership...
...such advisers as Jesse Jones, Henry Morgenthau, J. J. Pelley, William O. Douglas, most of whom gave it less than complete approval. As his own comment, the President took occasion to call certain functions of the Interstate Commerce Commission "in all probability unconstitutional," to repeat his opposition to Government ownership of the roads, to agree that from a long-range point of view consolidation of all U. S. transport under one body would be advisable. But on the immediate question of how the hard-pressed roads are to keep on meeting pay rolls and fixed indebtedness, Mr. Roosevelt passed...